We take it for granted that hedge fund administrators should be located where a fund is domiciled.  While this historical legacy may help a fund’s lawyers, it does not always serve the needs of the fund's managers.   Commonwealth Fund Services is located in Toronto, Canada, approximately one hour from each of New York, Boston and Chicago, allowing us to service clients locally, in your time zone, and often in person.  As North America’s 4th largest city, Toronto is also home to one of the world’s largest pools of accounting and financial talent.  In fact, 2.5% of the workforce holds a CFA designation, in comparison to New York’s 1.5% and Chicago’s 1.25%.